Goals and Objectives:
- To prepare teachers for teaching AP Economics through an intensive review of curriculum content, textbook evaluations and time management.
- To familiarize participants with "degree of difficulty" assignments necessary for students to do well on the AP examination as well as active learning exercises intended to inspire student participation.
- To help guide participants in teaching students applications of economic concepts to the "real world".
- To share with participants how the examination is graded and how to prepare students for success of the examination itself.
- To model for participants lessons of challenging economic concepts, including: graphing of market models, externalities, Aggregate Demand and Supply, Monetary policy, loanable funds market, MRP and others.
- To clearly identify for teachers the need to know concepts and models, as well as provide guidelines for those concepts which will enrich the AP classroom.
- Laptop computer or tablet
- A current syllabus (if you have taught the class before)
What is the AP test?
Course overview: The Acorn Book; The AP exams: What to assign; How much can you expect to cover; Evaluation of textbooks, Discussion of College Board open admission policies and course audit.
Basic concepts for both Micro and Macro:
- Scarcity, Efficiency, Production Possibilities, Circular Flow. Absolute and Comparative Advantage
- Supply and Demand: Price Ceilings/Floors, Elasticity, Utility, Consumer Choice,
- Consumer and Producer Surplus, an introduction to exchange rates.
AP Exam questions on Comparative Advantage, Supply and Demand, Utility, Cross Elasticity, and Tax Incidence.
- Cost curves
- Perfect Competition
AP Exam Questions on Perfect Competition
Macro Content: (Micro only teachers work on syllabus)
- GDP, Inflation, Unemployment
- Aggregate Demand and Supply
- Phillips Curve
- Fiscal Policy
- Money and Banking
- Multiple Bank Expansion
- Monopoly, Monopolistic Competition
- Oligopoly and Game Theory
- The Role of the Fed
- Monetary Policy
- Money Market Model
- Exchange Rates
AP Exam Questions on Monetary Policy, Money Market and Loanable Funds Market
- Factor Markets
- Efficiency and Externalities
AP Exam Questions on Factor Markets
- Loanable Fund Model
- Balance of Trade
- Putting it all together
Ideas and Experiences
Final Evaluation and tying up loose ends
*The agenda is subject to change based on participant experience and needs.
- Consultant: Gary Petmecky
- College Board Workshop Handbook
- Curriculum Materials and Activities
- Sample Textbooks
- Flash drive
- Lunch & Snacks